Oil world: global soybean demand will increase significantly
-
Last Update: 2001-09-27
-
Source: Internet
-
Author: User
Search more information of high quality chemicals, good prices and reliable suppliers, visit
www.echemi.com
Introduction: in the medium-term outlook of the global oil market, oil world makes the following analysis: it is expected that in the next few months, the supply shortage of sunflower seed oil and rapeseed oil will cause a substantial increase in global demand for soybeans Based on the insufficient supply of other oilseeds, Oils and meals, the global oil market is expected to rely more on the supply of soybeans in the United States and South America in 2001-02 As a result, oil world expects demand for U.S soybeans to increase to 2.865 billion bushels, and U.S soybean stocks to be reduced to 210 million bushels by the end of August 2002 Oil world expects Malaysia's palm oil stockpile to fall to a new three-year low by the end of this year With sunflower seed production down sharply than expected, oil world said the supply of sunflower seeds would reach an eight-year low Meanwhile, the supply of rapeseed and rapeseed oil in the new year will also decline It is expected that in the next six months, the global soybean crushing and export volume will increase significantly over the previous year, so that the soybean planting area and production in South America will surge unstoppable (author:) share to feed Weibo share to:
This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only.
This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of
the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed
description of the concern or complaint, to
service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content
will be removed immediately.
